USA oilgas production cost : recent changes
Author(s)Adelman, Morris Albert
During 1984-1989, oil development investment cost in the USA fell, but only because of lower activity. The whole cost curve shifted unfavorably (leftward). In contrast, natural gas cost substantially decreased, the curve shifting rightward. This is an additional reason why measures of cost or value "per barrel of oil equivalent" should be avoided.
MIT Center for Energy and Environmental Policy Research
Working paper (Massachusetts Institute of Technology. Center for Energy Policy Research) ; MIT-CEPR 91-010.